UAE used-car glossary
Fair Market Value (FMV)
Also known as fair-market price, FMV, true market value.
Fair market value is the price a willing buyer and willing seller would agree on for a vehicle in an open market, with neither party under pressure. CarWorth's engine approximates FMV by computing the median asking price across live UAE listings, then applying a 0.93 asking-to-sold ratio to reflect the typical private-sale close.
Related terms
Asking-to-Sold Ratio
The asking-to-sold ratio is the fraction of the listed price that a car actually sells for.
Confidence Band
A confidence band is the high–low range published around a valuation midpoint, expressing how reliable the number is.
Depreciation
Depreciation is the drop in a vehicle's market value over time, expressed as a percentage of the original purchase price.
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Understanding fair market value (fmv)is half the negotiation. The other half is knowing your car's actual fair-market range — independent, no agenda.
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